Trump’s Push Against Jerome Powell Latest Reason to Sell Dollar

Bloomberg04-21

The sell-dollar trade gathered momentum on Monday as President Donald Trump contemplated whether he’s able to fire Federal Reserve Chairman Jerome Powell.The greenback weakened against almost every ...

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US equity futures ticked lower while 10-year Treasury yields rose, underscoring continued jitters around the world’s no. 1 economy amid the global trade war.A potential removal of Powell is likely to erode investor confidence as the central bank’s independence is regarded as a crucial reason for investing in US assets. However, Trump may welcome in part some weakness in the dollar, given that he’d previously said he would welcome a cheaper currency because it would make the nation’s products more competitive.“We believe dollar weakness will continue,” Win Thin, global head of markets strategy at Brown Brothers Harriman & Co., wrote in a note. “The attack on Fed independence is intensifying. The admission that this is being studied at all should be taken very seriously and very negatively”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145303861","isCrawlerRequest":true}